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Apply online for Bank of America® Premium Rewards® credit card
About Our Ratings
Credit Needed
Excellent/Good

Bank of America® Premium Rewards® credit card Review

Pros & Cons

  • You can earn 50,000 bonus points – worth $500 – after you spend $3,000 in the first 90 days of opening your account.
  • If you're a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase.
  • This is a decent card for people who eat out and travel regularly – particularly if they also happen to be Bank of America Preferred Rewards clients; however, if dining out and traveling aren't where you spend your money, you'll be better off looking at a different tiered rewards card.

Top Features

Rewards
2 points for every $1 spent on travel and dining purchases. 1.5 points per $1 spent on all other purchases.
Bonus Rewards
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.
Regular APR
18.24% - 25.24% Variable APR on purchases
Annual Fee
$95

Full Review

Brooklyn Lowery Site Editor
This page was last updated on January 14, 2019

This card compared to other travel rewards cards

Rewards
2 points for every $1 spent on travel and dining purchases. 1.5 points per $1 spent on all other purchases.
Earn 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
Earn 2 miles per $1 spent at restaurants, on hotel stays and on purchases from United. 1 mile per $1 spent on all other purchases
Bonus Rewards
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.
Earn up to 50,000 Bonus Points - 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening. Plus an additional 25,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening.
Earn 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open
Regular APR
18.24% - 25.24% Variable APR on purchases
17.99% - 24.99% Variable 
17.99% - 24.99% Variable 
Annual Fee
$95
$95
$0 introductory annual fee for the first year, then $95
CardRatings.com Editorial Staff

Bank of America® Premium Rewards® credit card details

Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Purchase Intro
APR:
N/A
Regular APR
18.24% - 25.24% Variable APR on purchases 
Annual Fee
$95

What Bank of America says about this card

  • Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you're a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase.
  • No limit to the points you can earn and your points don't expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill Edge® and Merrill Lynch® accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee

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Highlighted offers
Currently available on the Bank of America® Premium Rewards® credit card
50,000 bonus points
After you make at least $3,000 in purchases in the first 90 days of account opening.

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Apply online for The World Of Hyatt Credit Card

The World Of Hyatt Credit Card

  • Earn up to 50,000 Bonus Points - 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn an additional 25,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening - free nights start at 5,000 points
  • Receive 1 free night every year after your cardmember anniversary at any Category 1-4 Hyatt hotel or resort
  • Earn an extra free night at any Category 1-4 Hyatt hotel or resort if you spend $15,000 during your cardmember anniversary year
  • Get automatic World of Hyatt Elite status for as long as your account is open and 5 qualifying night credits toward your next tier status every year
  • Earn 2 qualifying night credits towards your next tier status every time you spend $5,000 on your card
  • Earn 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
  • Plus, earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
Credit Needed:
Excellent, Good
Apply online for United℠ Explorer Card

United℠ Explorer Card

  • 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open
  • $0 introductory annual fee for the first year, then $95.
  • Earn 2 miles per $1 spent at restaurants and on hotel stays
  • Up to $100 Global Entry or TSA Pre✔® Fee Credit
  • 25% back on United inflight purchases
  • Check your first bag for free (a savings of up to $120 per roundtrip) when you use your Card to purchase your ticket
  • Enjoy priority boarding privileges and visit the United Club℠ with 2 one-time passes each year for your anniversary
  • Earn 2 miles per $1 spent on purchases from United, and 1 mile per $1 spent on all other purchases
Credit Needed:
Excellent, Good